The Benchmark draws on two distinct analytical methodologies and data-sets, both designed to evaluate focus company performance and provide greater insight for investors and companies. Please also refer to the data usage terms and conditions and company review and redress process.
DISCLOSURE ASSESSMENT INDICATORS
assessed by Transition Pathway Initiative
The Disclosure Assessment Indicators draw on public and self-disclosed data from companies. These are collected from sources such as company annual reports, sustainability reports, press releases, and CDP disclosures. The Benchmark is not a disclosure mechanism or database itself, rather an assessment tool. Companies are assessed against ten indicators:
(1) Net-zero GHG Emissions by 2050 (or sooner) ambition
(2) Long-term (2036-2050) GHG reduction target(s)
(3) Medium-term (2026-2035) GHG reduction target(s)
(4) Short-term (up to 2025) GHG reduction target(s)
(5) Decarbonisation strategy
(6) Capital allocation alignment
(7) Climate policy engagement*
(8) Climate Governance
(9) Just Transition (not assessed for 2021)
(10) TCFD disclosure
Each indicator comprises 1-3 sub-indicators; sub-indicators are comprised of 1-2 metrics. Each metric is assessed on a Yes/No basis from information and evidence published by the company. Sub-indicators and indicators are also assessed on a Yes/No/Partial basis (or Not Applicable/Not Assessed). The assessments do not present an overall (or aggregate) score or ranking for the company.
For more detail on the framework, indicators, data sources and assessment methodologies, please refer to the documents below.
|Disclosure Assessment Resources||Description|
|Select your language below to download the Climate Action 100+ Net-Zero Company Benchmark Framework.||Summary of the indicators, sub-indicators and metrics that comprise the framework.|
|Select your language below to download the Climate Action 100+ Disclosure Indicators: assessment methodology and indicator guide:||Detailed indicator-by-indicator guidance used to collect company data and assess disclosures. It also contains a summary of how assessments are presented (‘traffic light system’), as well as contingencies between indicators.|
|Transition Pathway Initiative Carbon Performance methodology||How TPI assess emissions targets/intensities’ alignment against reference climate scenarios (Benchmark indicators 2.3, 3.3 and 4.3). Relevant sector-specific methodological notes can also be found on their publications page.|
|Select your language below to download the Investor Guide to support Climate Action 100+ engagement in Asia:||Investor guide on how the Benchmark and TPI tools can be used together. Although the guide has a focus on supporting engagement in Asia, it is generally applicable across regions.|
*In addition to the Benchmark, InfluenceMap provides detailed Paris-aligned analyses of corporate climate lobbying. These are referenced in the Benchmark company assessments.
CAPITAL ALLOCATION ASSESSMENT INDICATORS
assessed by CARBON TRACKER INITIATIVE and 2° Investing Initiative
Carbon Tracker Initiative (CTI) and 2° Investing Initiative (2DII) also analyse companies’ capital expenditures (CapEx) and output relative to a range of future climate change scenarios to provide additional insights on the relative adequacy and alignment of company actions with the Paris Agreement goals. Both organisations use independent methodologies and asset-level inventory data sources which vary depending on the sector. These additional assessments are included for upstream oil & gas companies, electric utilities (coal and gas generation assets) and automotive companies.